In: Statistics and Probability
elementary statistics
What is Statistics?
Stats deals with data. For example: polls in elections use stats to guess who will win an election, Drug makers use stats to predict when side effects might happen, A sport uses stats to guess how a player will perform, You use stats to predict how much is going to be in your paycheck.
Topics included in stats are ones you might have studied before:
Descriptive stats: Mean, mode, median
Charts: Box plots, tables and graphs
Elementary Statistics: Topics
Elementary stat builds on these basics. Topics covered are:
How to Understand Elementary Statistics:
My favourite statistic, and one of the simplest ones, is that 50 percent of us are below average; it also works with 50 percent are above average. It makes sense if you think about it. An average is calculated according to a set of given data. The “average” is that middle point: The point where half of the data is above and half of the data is below. This phrase works for just about anything and makes for some alarming statistics, especially in newspaper reporting. For example: